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CircleCI Raises $100M in Series E Funding

Today CircleCI, a leading CI/CD platform, announced it has successfully closed $100 million in Series E funding.

The latest round was led by IVP, with Sapphire Ventures also participating. IVP Partner, Cack Wilhelm, will also be joining CircleCI's board of directors.

CircleCI has raised $215 million in total funding since its founding in 2011. With this new round, CircleCI will continue to further execute on its promise to provide the best continuous integration and continuous delivery (CI/CD) solution to solve the world's most complex software delivery problems.

The market for DevOps tools is expected to grow to $15 billion by 2026. At the center is CI/CD, which unlocks agility for organizations by allowing them to use automated processes to ship software faster and safer, while ensuring the quality of the code they deploy.

CircleCI's CI/CD platform verifies that every code commit is tested before it's shipped, so engineering teams can focus on building quality products, which directly impacts customer satisfaction and overall business growth.

"CircleCI is built around the belief that CI/CD is at the heart of DevOps," said Jim Rose, CEO, CircleCI. "This big bet that has been core to our strategy from day one and will continue to be as we look toward the future."

Brands like Spotify, Ford Motor Company, and Facebook trust CircleCI and within the past year thousands of new customers including global enterprises like NBC Universal, Citigroup, Aetna, and Unilever have signed on.

"CI/CD was once a cutting-edge development idea reserved for savvy technology companies, but now we're seeing that expand to all companies," said Cack Wilhelm, partner, IVP. "CircleCI is an especially attractive investment given the depth and complexity of the product and the underlying dataset they have observed over time on how great companies build and release software. We believe CircleCI will continue to further their lead as the strongest pure-play CI/CD platform available in the market and we're proud to be a party to that future."

Since CircleCI's Series D funding in July 2019, the company has demonstrated strong momentum including:

  • An increase in overall usage. CircleCI currently processes over 1.8 million jobs per day.
  • The recent unveiling of CircleCI insights endpointsThe endpoints combine with other, existing tools customers use for ease of integration and show metrics such as time to recovery, change failure rate, and whether a build is passing or failing.
  • The addition of Windows support. By adding Windows into CircleCI's set of supported execution environments (Linux, Docker, macOS) teams can run jobs across multiple platforms on a single workflow and achieve even more flexibility over their development pipelines.
  • An increase in orb adoption. Orbs bundle CircleCI configuration into reusable packages that enable users to perform thousands of out-of-the-box use cases without the need for complex configuration. Today, more than 22,000 organizations have integrated CircleCI orbs into nearly 18 million CI/CD pipelines.
  • The opening of a London office. Which establishes CircleCI's greater presence in EMEA.

"CircleCI's rapid growth within the developer tool space has been impressive," says Jai Das, president and co-founder, Sapphire Ventures. "There has been a lot of emphasis on growth opportunities in software, but not enough on the build, test, and deploy component, which I believe, is the most powerful when taking an idea to delivery. CircleCI addresses that need and empowers developers to spend their time doing what matters most and do it more quickly, more effectively, and at scale."

CircleCI will use the Series E funding to further execute on its promise to deliver data and insights for users, focus on change validation, and support more complex software delivery needs.

Signing up for CircleCI is free and only requires a GitHub or BitBucket account to get started (https://circleci.com/signup/).

Published Tuesday, April 07, 2020 2:40 PM by David Marshall
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